"The economic and financial condition of the U.S. and global economy is similar to that of 2008, although I think now it's a lot worse than it was back then... the 'gravity' of true fundamentals has finally gotten ahold of stocks..."
Fundamentals ultimately drive value. In terms of the fundamentals, financial assets - stocks, bonds, real estate - are extremely overvalued. The precious metals sector right now is extremely cheap relative to fundamentals.
Don't be fooled into thinking that the stock market bounce that started the day after Christmas was the end of the "bear